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# **South Korea-US Cooperate to Improve Crypto Security**
South Korea and the United States have officially established cooperation to deal with the increasing threat of crypto asset theft. Later, there will be research aimed at improving digital security measures and tracking stolen funds more effectively.
According to a report by Yonhap News Agency, the two countries have agreed to develop sophisticated tools to prevent cyber attacks on crypto systems. This collaboration will also investigate how criminals use ransomware and illegal tactics to convert traditional assets into cryptocurrencies.
This step was taken after North Korea was named the main actor in global crypto theft.
A report by Chainalysis, a blockchain analyst, in 2022 revealed that North Korean hacker groups were responsible for most of the attacks on decentralized finance (DeFi) protocols with total stolen assets of nearly US$1 billion.
It is estimated that the funds were used to fund their missile and nuclear programs. Therefore, preventive measures are a top priority for South Korea and the United States.
-# Image Source: Asahi